DEFINITION of 'Negotiated Dealing System - NDS'
An electronic trading platform, operated by the Reserve Bank of India, used to facilitate the exchange of government securities and other money market instruments. The negotiated dealing system will also be responsible for hosting new issues of government securities.
BREAKING DOWN 'Negotiated Dealing System - NDS'
The negotiated dealing system helps the RBI enhance the dealings of fixed income investments. The NDS, when fully implemented, eliminate the physical exchange of forms between its trading members.